Advocacy

​​Tod​ay, Governor Cuomo signed legislation (S.1405/A.7531) aimed at protecting homeowners from "storm chasers," unscrupulous roofers who exploit​ homeowners in need of home repair services after a major storm, performing sub-standard work that must be redone, or no work at all​. Big I NY and partners in the insurance industry undertook a multi-year campaign to pass this legislation to protect our customers. Big I NY member agents sent emails to lawmakers and the governor urging passage of this important bill.  The legislation, which takes effect 180 days from today, establishes a number of protections, including: ​Establishing specific requirements and responsibilities of roofing contractors Requiring a roofing contractor to enter into…

​​​Superintendent of Financial Services Linda Lacewell has announced the appointment of My Chi To as Executive Deputy Superintendent of the Insurance Division at the Department of Financial Services. She replaces Laura Evangelista, who served in that role since June 2018.  My Chi is a partner in Debevoise & Plimpton’s restructuring group and global insurance practice. She represents clients across the insurance industry, including insurers, reinsurers, pension funds, private equity firms and other capital providers, in a wide range of transactions and restructuring matters. This includes state insurance rehabilitations and liquidations, insurance holding company bankruptcies, reinsurance transactions, reserve and other financings, pension risk transfers, and other complex transactions and…